President of the Chartered Institute of Stockbrokers (CIS) Mr. Ariyo Olushekun has attributed the low participation of local investors in the nation's bourse to inability to analyse the capital market.

Olushekun said yesterday in Lagos that the shortcoming had created room for foreign investors to overshadow the local ones.

He urged local investors to approach professionals for a proper analysis of stocks before investing to avoid investments without returns.

He said that the institute would continue with its enlightenment campaign to ensure that local investors increase their stakes in the market and partake in the recovery growth.

Olushekun observed that most key stocks were selling below their correct valuation, adding that local investors should take the advantage and increase their stakes in the market.

"We can beat our chest and say the market has recovered when we have more local investors participating in it than the foreign investors," Olushekun said.

He insisted that local investors must pick stocks based on proper analysis or embrace the Collective Investment Schemes (CIS) managed by the professionals.

"The CIS has created different platforms to ensure that the stockbroker is well equipped to perform his roles effectively and protect investors in the market," he said. (NAN)